ETH 2.0 Staking: the start for a new bull run?

By alturn | CoinXBT | 27 Nov 2020


Finally the Network Status bar has filled up, at the moment when I register (November 27th, 2020) the amount deposited amounts to 793,152 ETH, much more than the 524,288 ETH needed for the launch, and is constantly growing.

Network Status


Attention however, even if the bar has been completed, as long as the staking doesn't start, there will be no remuneration.
The launch of the Beacon Chain, and therefore the stalking, is planned for December 1, 2020. Currently it is estimated a reward of 17.5%, given however variable in function of the amount of ETH blocked in the staking (therefore in function of how many people will participate). As can be seen from the following figure, this estimate tends to decrease as the number of ETHs staked increases, settling in a range between about 5% and 6% reward.

Staking and Rewards

All this is due to the fact that the general rewards will be proportionally divided among all the provider nodes that belong to the network.
You may be wondering: how to do staking?

 

How to start staking 


On Ethereum website there is an official guide that I summarize here: if you have 32 ETHs, which is the minimum amount to be able to participate directly to the Proof of Stake (PoS), you have the possibility to become a full validator, however it is necessary to have a suitable machine, because if the node doesn't have an adequate performance, not only you risk to be penalized on the rewards you receive, but you can receive the slashing, that is to lose a part of the ETHs deposited as penalty; if instead you have less than 32 ETHs, on the site are proposed two dozen alternative services to direct staking.

Staking Services

As you can see, many of these services offer the possibility to be part of a staking pool, allowing you to participate in the staking with less than 32 ETH, paying a commission that varies from service to service.
The advent of ETH 2.0 is certainly increasing interest in this Altcoin, which has seen an increase of over 90% since the previous higher low at the end of September. Currently the Coin is in a corrective phase as violent as its rise. Now the most interesting question is the following: is a bullrun and a possible Altseason approaching or are we in a new bubble ?

What do you think ? Will you participate in the PoS ?


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alturn
alturn

Hey there, I'm a crypto investor and a stakeholder passionate about finance and technology. In particular, I'm a telecommunications engineer specializing in Radar technologies. I hope you enjoy my content and don't forget to support me.


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